I hope you’re having a great summer, I know it’s not like other summers, but this too shall pass.
And no pressure or anything, but hopefully you’re taking this time to learn something new, make more time for yourself and your loved ones.
As it is social distance friendly, I’ve taken up golf and it’s been a lot of fun. I used to avoid golf because it seemed unproductive and time consuming. But when golf is done for Wealth Hackers, we assemble high level teams of successful entrepreneurs and investors, then it’s a great time!
The easiest way to improve your mindset is to spend more time with high level people and I’ve been golfing with some high achievers, like my good friend Charles Wah, who is developing, flipping and holding a fair bit of real estate.
We’re not high achieving golfers. My golf buddies are usually in the 90’s and they let me tag along with my 105-115 range. Mostly because I’m easy pickings for betting on golf :P.
One time, I accepted a terrible six handicap which ended in me making a $300 donation to a charity of my choice, the Hamilton Basket Brigade.
Quick update on the Hamilton Basket Brigade. We scaled back significantly for Easter with covid and all. We gifted $100 gift cards to the 30 something poor families in Hamilton and we plan to do a bit more for Thanksgiving, but expect changes as an indoor party is off the table. Don’t worry, though, we have some great ideas.
The need is great and we’ll be there to do our small part.
Real estate wise I hope you’re all doing well. According to the Globe and Mail today, Toronto real estate is up 12% in June from last year. Hamilton is up 13.7% over the same period or 3% higher May 2020.
If you’ve been following the news, you know CMHC predicts a drop of up to 18% in Canadian real estate, so if that happened in Toronto or Hamilton, we’d give back maybe 18 months of appreciation?
If you’re flipping houses, I’d be concerned, but if you’re holding for the long term to pass onto your kids like I am, I’m not too worried.
Speaking of kids, Cherry enrolled our kids in a bunch of camps after other summer camps had to cancel thanks to covid.
One of the camps is to improve on bike riding. This is the first time my kids are doing a bike riding camp, it’s only one week long but they’re entering directly into level 3. I expect my kids to pass level three leading to level 4 which teaches riding on the road, the rules of the road, signaling, street signs, etc., but it’s only for six and up.
My daughter Robin is old enough, but my son, Bruce, only just turned five. Cherry asked Robin if she’d like to take level 4 after explaining the agenda and that Bruce wouldn’t be able to join her. Robin said no, she’d rather wait till next year when Bruce can take level 4 with her, so she can watch out for him.
This is why she deserves the house we bought her and she can have our house when she’s old enough.
Quick Stock Hacking update, I finally beat Cherry for maybe the 4th time in 15 weeks of he trader vs she trader.
She obviously has an enormous lead and had a monster week last week. It took my 2nd best week ever and almost five figures US dollars to beat her. We’re really lucky to have the trading coaches we have in our lives.
June was a great month for me with 18% returns. That is gross and not annualized. If you’re interested in learning more go to www.stockhackeracademy.ca/specialoffer
Government Subsidy Update, Cherry Beating Erwin at Stock Hacking, BHAG, Investing in Insurance with Cherry Chan
Speaking of Cherry, she is this week’s guest, here to share about the latest in Government subsidies, why she got into Stock Hacking when I was already deep into trading, our BHAG (big hairy audacious goal), and so much more!
NO MORE Confusion
After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.
Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.
At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.
Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!
More secrets you’ll uncover are:
- Profiting in a HOT market…
- Municipal bylaws to watch out for…
- Mortgage terms that favour refinancing…
- AND one barely used tactic for higher appraisals…
If you’re frustrated, unsure of how to get started, this is for you.
Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at firstname.lastname@example.org. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.
Till next time, just do it because I believe in you.
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.